AUBURN NATIONAL BANCORPORATION, INC

$

7,590

7,363

7,062

6,988

6,811

7,572

7,344

7,045

6,969

6,790

8,401

8,133

7,792

7,814

7,636

(255)

(10)

(48)

(127)

5,806

5,702

5,880

5,472

5,500

$

2,227

1,833

1,530

1,560

1,732

Per share data:

Basic and diluted net earnings

$

0.64

0.52

0.44

0.45

0.50

Cash dividends declared

0.27

0.27

0.27

0.27

0.27

Weighted average shares outstanding:

Basic

Diluted

3,495,972

Shares outstanding, at period end

Book value

$

25.65

24.64

23.79

22.41

24.14

Common stock price:

High

$

28.47

25.28

23.37

24.57

24.35

Low

23.13

19.48

20.36

20.06

17.50

Period end:

28.44

25.00

21.59

23.49

22.90

To earnings ratio (b)

13.87

x

13.09

11.42

12.77

91.60

To book value

%

Performance ratios:

Annualized return on average equity

10.65

%

9.00

7.83

7.49

9.10

Annualized return on average assets

0.89

%

0.74

0.62

0.63

0.71

Dividend payout ratio

42.19

%

51.92

61.36

60.00

54.00

Asset Quality:

Allowance for credit losses as a % of:

Loans

1.20

%

1.24

1.20

1.22

1.22

Nonperforming loans

6,434

%

2,306

1,298

1,366

Nonperforming assets as a % of:

Loans and other real estate owned

0.02

%

0.05

0.09

0.09

0.14

0.01

%

0.03

0.05

0.05

0.08

0.02

%

0.05

0.09

0.09

0.14

Annualized net charge-offs (recoveries) as % of average loans

0.06

%

(0.03)

0.05

(0.01)

0.04

Capital Adequacy: (c)

CET 1 risk-based capital ratio

15.51

%

15.32

15.04

14.80

14.75

Tier 1 risk-based capital ratio

15.51

%

15.32

15.04

14.80

14.75

Total risk-based capital ratio

16.49

%

16.35

16.05

15.81

15.76

Tier 1 leverage ratio

10.72

%

10.64

10.52

10.49

10.43

Other financial data:

Net interest margin (a)

3.30

%

3.27

3.20

3.09

3.05

Effective income tax rate

21.86

%

20.92

20.40

34.73

23.46

Efficiency ratio (d)

68.96

%

69.95

75.30

69.86

71.83

Selected average balances:

$

237,161

240,177

240,588

255,168

251,723

556,233

559,770

566,082

567,634

571,651

997,892

990,523

987,272

991,275

982,656

909,293

905,227

906,805

904,605

904,860

83,642

81,447

78,158

83,325

76,113

Selected period end balances:

$

236,420

239,681

242,468

243,012

258,285

557,912

562,714

560,650

564,017

565,699

6,691

6,965

6,750

6,871

6,876

1,029,224

996,786

977,324

990,143

917,266

939,851

910,503

895,824

901,724

89,613

86,071

83,115

78,292

84,336

(a) Tax-equivalent. See "Table 1 - Explanation of Non-GAAP Financial Measures."

(b) Calculated by dividing period end share price by earnings

per share for the previous four quarters.

(c) Regulatory capital ratios presented are for the Company's

wholly-owned subsidiary, AuburnBank.

(d) Efficiency ratio is the result of noninterest expense divided by

the sum of noninterest income and tax-equivalent net interest income.

See Table 1 - Explanation of Non-GAAP Measures.

Table 3

• Selected Financial Data